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gerri: taxes is what they mean. republicans have been at odds over sequestration but now they say they have a plan. >> the president gave us a proposal, cuts, defense spending once again, i have 500 billion of new taxes taxes, and also cuts from domestic spending. it is irresponsible, and acceptable, it leaves the troops and economy and ready to face the cuts. gerri: he proposes a patch that would cut only 10 percent of the workforce. is that the way to go? or do we avoid sequestration altogether? >> probably not going to work for greg has been tossed around to reduce the federal workforce by attrition and for every three people that leave voluntarily only replace with one. over 10 years says with the sequestration would save in one year. it is a patch to come up something else but a lot of republicans believe the president will not agree to other big cuts without tax revenues. republicans come to the idea, which they designed to me so unpalatable, it would be more rational cuts, but republicans say it is the lot an
gerri: taxes is what they mean. republicans have been at odds over sequestration but now they say they have a plan. >> the president gave us a proposal, cuts, defense spending once again, i have 500 billion of new taxes taxes, and also cuts from domestic spending. it is irresponsible, and acceptable, it leaves the troops and economy and ready to face the cuts. gerri: he proposes a patch that would cut only 10 percent of the workforce. is that the way to go? or do we avoid sequestration...
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increase after-tax increase after-tax increase. the solution is by raising taxes on somebody and you and i both know, your viewers know we increase taxes on the american people in the way it has been done, get decrease economic activity. the economy cannot be vibrant, cannot create jobs and dreams are destroyed when you increase taxes. liz: what you also point out is taxes corrode the sense of self-reliance. the new cbo report that says we will be $845 billion in debt talks about the window. this is what i'm getting at, the st. louis federal reserve said it is so unreliable back in 2000 said we would be in surplus, we would wipe out $3.5 trillion deficit. they were utterly wrong at that in the st. louis fed says what is more reliable is the model used on wall street to fix stocks. i am upset about this, it is underpinned regulatory policy, so why rely on the same report year after year that is so off the mark? >> you are spot on. we have tried to make certainly put in place positive reforms for the congressional budget office so we
increase after-tax increase after-tax increase. the solution is by raising taxes on somebody and you and i both know, your viewers know we increase taxes on the american people in the way it has been done, get decrease economic activity. the economy cannot be vibrant, cannot create jobs and dreams are destroyed when you increase taxes. liz: what you also point out is taxes corrode the sense of self-reliance. the new cbo report that says we will be $845 billion in debt talks about the window....
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes poible loss of principal. melissa: turning now to really alarming news about a shipment of illegal arms from the iranian government to insur gents in yemen. sources tell fox news that the weapons were an attempt by the owing iranian regime to destabilize the middle east further, but at what cost? is the u.s. doing enough to stop them? judy miller, senior fellow at the manhattan institute and fox news contributor. welcome back to the show. i mean, this is a really alarming story; right? >> just part of the a pan tern by the iranians to destalize all of the government that have already been destabilized by the arab spring. now, in yemen, you have 25 million people, the poorest country in the middle east that's had
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes poible loss of principal. melissa: turning now to really alarming news about a shipment of illegal arms from the iranian government to insur gents in yemen. sources tell fox news that the...
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Feb 5, 2013
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supports assaults weapons ban, but he supports stimulus and dodd frank and science and votes against tax increases and all the rest of it, if you are a major political party, dick luger is a first round draft pick for you. he is the kind of guy you want in the senate seat. you want him in the senate seat because he does a very important thing, he does not lose senate elections. but in 2012, something really unexpected happened. and dick luger lost the seat. but he didn't lose it to a democrat. he lost in a primary to this guy. >> i think even when life begins in that horrible situation of rape, that it is something that got intended to happen. >> that is richard mourdock, the tea party anti-establishment candidate. he had endorsements from americans for prosperity, the national right to life association, he is the republican who knocked dick luger out in the primary, and also lost the 2012 senate race in indiana. he is part of why despite the democrats defending the seat, increased their majority by two seats. over the past couple of things this kind of thing happened to republicans an a
supports assaults weapons ban, but he supports stimulus and dodd frank and science and votes against tax increases and all the rest of it, if you are a major political party, dick luger is a first round draft pick for you. he is the kind of guy you want in the senate seat. you want him in the senate seat because he does a very important thing, he does not lose senate elections. but in 2012, something really unexpected happened. and dick luger lost the seat. but he didn't lose it to a democrat....
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Feb 8, 2013
02/13
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CNBC
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but i think that exporters are creating fictitious transactions in order to get export tax rebates. that's been inflating china's export numbers. ministry of commerce knows this but they haven't been adjusting numbers down. to show you how bad this is, beijing says exports to south korea in 2012, last year, increased by 5.7% but the south koreans say that their imports from china decreased by 6.8%. now those two numbers can't be both correct. and nobody is questioning the south korean numbers. what's happens is we have seen a lot of problems with very low cargo numbers but very high export numbers. just cannot exist in the same universe. >> how do you know the government knows these numbers are inflated but can't adjust them down? do we have evidence that they know that the numberers are wrong but they put them out anyway? >> i think we know all about this. this is extensively reported for a couple months now. so if they don't know about it in beijing, they just haven't been reading the newspapers. this is not a big secret. and the problem is that a lot of these transactions occur r
but i think that exporters are creating fictitious transactions in order to get export tax rebates. that's been inflating china's export numbers. ministry of commerce knows this but they haven't been adjusting numbers down. to show you how bad this is, beijing says exports to south korea in 2012, last year, increased by 5.7% but the south koreans say that their imports from china decreased by 6.8%. now those two numbers can't be both correct. and nobody is questioning the south korean numbers....
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Feb 2, 2013
02/13
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answers. ...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. >>> big shake-up in the senate in 2014. geraldo in, scott brown out. the big panel's got it all covered for you tonight here on "the ed show." >>> and the unbelievable story of how nasa handled the space shuttle columbia. on the tenth anniversary of the disaster, a former shuttle program manager blogged his reflections. stay with us. because what you have heard about it really is unbelievable. don't forget, you can listen to my radio show on sirius xm radio channel 127 monday through friday, noon to 3:00. share your thoughts with u on facebook and on twitter using the hash tag edshow. we're coming right back. there'. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition t
answers. ...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. >>> big shake-up in the senate in 2014. geraldo in, scott brown out. the big panel's got it all covered for you tonight here on "the ed show." >>> and the unbelievable story of how nasa handled the space shuttle columbia. on the tenth anniversary of the disaster, a former shuttle...
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Feb 6, 2013
02/13
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well, the highlights cantor advocated were, let's see, mitt romney's tax reform plan. mitt romney's education reform plan, and unworkable cuts as usual to medicare and medicaid. not surprisingly, cantor was not willing to get specific about any legislation to make these ideas a reality. >> we do intend to follow up with some policy proposals in legislation working with our committees to move forward on many, many of these issues. >> it's always the follow-up, isn't it? but there was one thing cantor said today that really caught my attention. here it is. >> our solutions will be based on the conservative principles of self-reliance, faith in the individual, trust in family, and accountability in government. >> there is a lot there, isn't there? cantor sound like he is fresh off another frank luntz seminar. i couldn't believe my ears when i heard those word come out of cantor's mouth. so let me make sure i got this whole thing correct. "our solutions will be based on the conservative principles of self-reliance, faith in the individual, trust in the family, and accounta
well, the highlights cantor advocated were, let's see, mitt romney's tax reform plan. mitt romney's education reform plan, and unworkable cuts as usual to medicare and medicaid. not surprisingly, cantor was not willing to get specific about any legislation to make these ideas a reality. >> we do intend to follow up with some policy proposals in legislation working with our committees to move forward on many, many of these issues. >> it's always the follow-up, isn't it? but there was...
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you have a nuisance tax like bottle taxed on bad -- back taxes. this does not make for an appealing and attractive -- the city is very attractive. gerri: i would not want to come to baltimore. how likely is it that baltimore will have to file bankruptcy? >> i don't think it will file bankruptcy. they're not as bad as some places, but i were close to the maryland. i and our representative of the people in the general assembly. they're tired to have global we don't have any money to bell her out. friends after reform and take care of those pensions and health care committee rid of a grand prix idea and have to start spending with an air means. that means cuts in certain areas commands is going to have to try to do something about crime and drugs and gangs and make people want to come to this city. gerri: that is a long laundry list. thank you for coming on. appreciate your time. tell us more. >> thank you. gerri: states and cities across the country struggled to get out of the red. there could be new taxes on the rise in to pay for failing infrastru
you have a nuisance tax like bottle taxed on bad -- back taxes. this does not make for an appealing and attractive -- the city is very attractive. gerri: i would not want to come to baltimore. how likely is it that baltimore will have to file bankruptcy? >> i don't think it will file bankruptcy. they're not as bad as some places, but i were close to the maryland. i and our representative of the people in the general assembly. they're tired to have global we don't have any money to bell...
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Feb 6, 2013
02/13
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i think we should still be principled the party of low taxes. the party of lunid government and party and jobs. if we present it well and tell people, particularly those who are dependent now on government that big government is not their friend it causes the rising gas prices, the rising food prices. that it makes it harder for them to join the middle class because the president's big government programs cause prices to rise. if we can bring that together for people, i think people who want to move up the ladder will come to the republican party. >> bill: all right. well you are optimistic. i don't know. you are going to run for president, i think senator, aren't you? >> i don't know yet but we are thinking about it. >> bill: i know you are. all right, senator, thanks very much. we appreciate it next on the rundown, charles krauthammer will react to the conversation with senator paul. and then later, shocking story out of california. preschool involved in a sex scandal. you will not believe this and there is is a viewer warning attached to it i
i think we should still be principled the party of low taxes. the party of lunid government and party and jobs. if we present it well and tell people, particularly those who are dependent now on government that big government is not their friend it causes the rising gas prices, the rising food prices. that it makes it harder for them to join the middle class because the president's big government programs cause prices to rise. if we can bring that together for people, i think people who want to...
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taxes. tom: i lived in california a long time, i'm very familiar with prop 13, and everyone has been blaming prop train since it prop 13, it is not tax limitation that has kept seniors from being taxed out of their homes but the spending has been far more than revenues, it is a spending problem that we keep repeating in washington, they have it in sacramento. >> and aggravating the problem, it is a progressive tax system, if you earn more than $50,000, you pay 9.3% of your income in taxes, and more than a million a double down on the sim system, u pay 33%, the highest. tom: they know that people can't or won't pick up and leave. we're funny creatures, i think they knowb that about us, people don't go anywhere. >> well, that is true, however, that only to an e an extent, california has great weather, but if you can't afford it, and there are no jobs, a hundred thousand people are leaving each year. tom: and next door is nevada with a zero income tax that helps, but it does not have an ocean,
taxes. tom: i lived in california a long time, i'm very familiar with prop 13, and everyone has been blaming prop train since it prop 13, it is not tax limitation that has kept seniors from being taxed out of their homes but the spending has been far more than revenues, it is a spending problem that we keep repeating in washington, they have it in sacramento. >> and aggravating the problem, it is a progressive tax system, if you earn more than $50,000, you pay 9.3% of your income in...
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nearly 9 billion in assorted other taxes, a total of more than $24 billion in taxes. so, let's revisit the top of the segment for a moment. according to today's earnings report exxon earned about $10 billion last quarter. the oil giant paid 24 billion in taxes. look at that comparison. and that is just the fourth gerri: for 2012, they earned $45 for 2012 exxon earned 45 billion paid 102 billion. in fact, their tax rate, 31 percent -- that does not sound like a free ride to meet. to put it into perspective, their tax bill was greater than the entire gdp of morocco. think about it. an entire country. talk about there fair share. the fair share, if that's what we are striving more, the irs has to give its money back. unlike your pet projects like solyndra, exxon is more than profitable, and it puts money back into the economy in the form of nearly $37 billion in energy investments. stop making them out to be the bad guys. like you have other successful americans that take pride in a u.s. company being number one in the world. that's a good thing. coming up next, traders
nearly 9 billion in assorted other taxes, a total of more than $24 billion in taxes. so, let's revisit the top of the segment for a moment. according to today's earnings report exxon earned about $10 billion last quarter. the oil giant paid 24 billion in taxes. look at that comparison. and that is just the fourth gerri: for 2012, they earned $45 for 2012 exxon earned 45 billion paid 102 billion. in fact, their tax rate, 31 percent -- that does not sound like a free ride to meet. to put it into...
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a new federal tax policy. the latest push in congress to make marijuana legal and tax it. president obama proposes a short-term fix to delay automatic spending cuts one day after he blows another budget deadline. and the shocking proof union leaders just want more power, not power to the people. "the willis report" is on the case. all that and more coming up later, but first, the top story tonight, building in washington can change, totally remake current marijuana laws. including legalizing industrial production as well as establishing a federal pot tax. lawmakers on both sides of the aisle worked away on these bills, one of which introduced just today by two democratic congressman. both of them calling for an end to federal pot prohibition. will it work? joining us now, drug policy visor and founder and executive director of the drug policy alliance. starting with you. melissa: it is a lot like the appeal of alcohol probation. if it doesn't work, it is not effective and they say it is costing tens of billions of dollars every year, diverting precious law-enforcement reso
a new federal tax policy. the latest push in congress to make marijuana legal and tax it. president obama proposes a short-term fix to delay automatic spending cuts one day after he blows another budget deadline. and the shocking proof union leaders just want more power, not power to the people. "the willis report" is on the case. all that and more coming up later, but first, the top story tonight, building in washington can change, totally remake current marijuana laws. including...
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Feb 7, 2013
02/13
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what he needs to do is build bridges before we can get a tax passed. >> reporter: the mayor will plan to give his state of the city at the san jose civic auditorium. and it's open and free to all. in san jose, cate caugiran, kpix 5. >>> coming up, governor chris christie tries to make light of a heavy subject by cross- country medical diagnosis that has him fed up with this debate over his weight. >> until that time, she should shut up. >> and a simple step could help stroke survivors. the new research is next. >> nice to see rain around the bay area. a little sunshine peeking through the clouds now but there's more rain on the way and maybe a little snow. we'll talk about that coming up. [ male announcer ] if you're ready to get more from your tv service now's a great time to get at&t u-verse tv. make the switch. [ female announcer ] call now to get u-verse tv starting as low as $19 a month for one year when you bundle tv and internet with speeds up to 24 megs. add hbo and cinemax and get the first three months free. [ male announcer ] with u-verse tv, you can record four shows at on
what he needs to do is build bridges before we can get a tax passed. >> reporter: the mayor will plan to give his state of the city at the san jose civic auditorium. and it's open and free to all. in san jose, cate caugiran, kpix 5. >>> coming up, governor chris christie tries to make light of a heavy subject by cross- country medical diagnosis that has him fed up with this debate over his weight. >> until that time, she should shut up. >> and a simple step could help...
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tempting business away from the highest taxed state in the country to his very low tax state. dominick says his own clients are very worried and worried sick looking for solutions and it looks like the lone star state might have some. religion may have clients who say we are frightened here in new york? >> we deal with a very unique client base. they have a fixed budget, certain amount of income in an annual basis. it is pa how to handle those dollars. the question is, is that the wisest use of my money? nine times out of 10, where do you move to? texas, nevada, florida. liz: governor jerry brown is saying i don't like what governor perry is doing, using some tricks here. he has it all wrong. california, we have great weather, venture capital, an educated workforce. don't go to texas, come to california. >> they also have a state income tax, highest in the country, they have a corporate income tax, the highest gas taxes in the country, our clients are going desert looking to move. california is a great place and if you can afford to be there, it is a wonderful place to live bu
tempting business away from the highest taxed state in the country to his very low tax state. dominick says his own clients are very worried and worried sick looking for solutions and it looks like the lone star state might have some. religion may have clients who say we are frightened here in new york? >> we deal with a very unique client base. they have a fixed budget, certain amount of income in an annual basis. it is pa how to handle those dollars. the question is, is that the wisest...
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Feb 3, 2013
02/13
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WUSA
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no increases in wages. >> payroll taxes have gone up. >> have tax rates generally gone up? >> only down? >> exports are weak but they have held unreasonableably. >> we are much better off than europe. it is a worldwide slow down, we are actually doing pretty dam well. >> trade balance will be an all time record when the figures come out in february. >> the answer is, it is too close to (woman) 3 days of walking to give a breast cancer survivor a lifetime-- that's definitely a fair trade. whoo! you walk with friends, you meet new friends, and you keep those friendships. it was such a beautiful experience. (woman) ♪ and it's beautiful ♪ undeniable (woman) why walk 60 miles in the boldest breast cancer event in history? because everyone deserves a lifetime. visit the3day.org to register or to request more information today. ♪ burning like a fire ♪ building up from deep inside it was 3 days of pure joy. susan g. komen's investments in early detection and treatment have helped reduce breast cancer mortality in the u.s. by 33% since 1990. help us continue serving the mill
no increases in wages. >> payroll taxes have gone up. >> have tax rates generally gone up? >> only down? >> exports are weak but they have held unreasonableably. >> we are much better off than europe. it is a worldwide slow down, we are actually doing pretty dam well. >> trade balance will be an all time record when the figures come out in february. >> the answer is, it is too close to (woman) 3 days of walking to give a breast cancer survivor a...
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Feb 7, 2013
02/13
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MSNBC
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. [ male announcer ] when we built the cadillac ats from the ground up to be the world's best sport sedan... ♪ ...people noticed. ♪ the all-new cadillac ats -- 2013 north american car of the year. ♪ for a limited time, take advantage of this exceptional offer on the all-new cadillac ats. >>> have you joined the "politics nation" conversation on facebook yet? we hope you will. today, everyone is talking about the chris christie controversy. after telling the doctor to shut up about his weight. mark says his policies and politics are fair game. his weight and family should be off limits. jan agrees. i don't like him, but enough is enough on his weight. but earnest says his weight is
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. [ male announcer ] when we built the cadillac ats from the ground up to be the world's best sport sedan... ♪ ...people noticed. ♪ the all-new cadillac ats -- 2013...
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or taxing the economy? do you think that, more pro-business, pro-growth agendas just offered up even as a olive branch we could get enough businesses and people out there to pay regular taxes but fill that void are talking about. >> i am absolutely for growing the economy, you need fiscal responsibility and growth, you need both, this is not going to happen overnight. right now about 14%, okay? of our money, our money comes from revenues, 25%, spending, the gap is too big, we need to narrow down, where it was 3%, you need revenues up, you need spending down, both have to happen together. charles: it does not fel like, that the president got a huge victory, a big time tax hike. very little spending cut. and there is dropping hints today or during super bowl, -- a lot of times we get these things and hear about big projects that go after the rich. but we also end up going after the not so rich, because the payroll tax hike i think will be devastating, so far the tea leaves are not reading so well for that but
or taxing the economy? do you think that, more pro-business, pro-growth agendas just offered up even as a olive branch we could get enough businesses and people out there to pay regular taxes but fill that void are talking about. >> i am absolutely for growing the economy, you need fiscal responsibility and growth, you need both, this is not going to happen overnight. right now about 14%, okay? of our money, our money comes from revenues, 25%, spending, the gap is too big, we need to...
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by cutting spending, only way to pay off the debt is through tax revenues, not raising taxes. by creating jobs so people can pay taxes, what is going to happen, if they go through with sequestration, we'll lose 2 million jobs, that is 2 million families issue of real people, adding to that 9% unmuch. that drains the economy, this is the wrong approach, i'm here so day it. >> that is what mitt romney was saying, he said, i'm not looking to raise people's taxes, i am looking to get more people employed that will in turn bridge more tax money into the government. let's not tax job creators but get more people working. charles: that -- what do you cut? >> you have to look at how debt is created. we're all worried about the debt, got that but the fact is, that you could spend every dime that government has,. charles: and we do. >> wait, in retiring debt. you will still have debt. there is an exponential increase in the interest, we have to get our heads away from the fact our first thing is to just retire debt by cutting spending by saying let's create jobs, and grow the economy th
by cutting spending, only way to pay off the debt is through tax revenues, not raising taxes. by creating jobs so people can pay taxes, what is going to happen, if they go through with sequestration, we'll lose 2 million jobs, that is 2 million families issue of real people, adding to that 9% unmuch. that drains the economy, this is the wrong approach, i'm here so day it. >> that is what mitt romney was saying, he said, i'm not looking to raise people's taxes, i am looking to get more...
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and the long litany of taxes yet still to hit people in the pocket books. yeah, that's a reality and i guess outside the beltway bubble people are feeling it. >> sean: juan, if you remember they made a big deal, the president did, saying this would be under 900 billion dollars. the reisn't estimate up to 2.8 trillion a lot more than what they estimated. the cheapest plan they're saying now is going to cost $20,000, family plan by 2016. and the house report that came out said obamacare compliance will take a staggering 127 million man hours. you don't see any problems in that at all? you don't-- >> i think you're -- you're -- the sky is falling, the sky is falling, obama is bad, but i'm just telling you in fact what the cbo is telling you the rate of increase in terms of health care spending in the country has gone down in two years and that's part of the process of putting in affordable health care act. >> hello, reality, yeah, reality check. i may not be a real journalist like you, juan, but i'm not a polly anna either and out here in the real world the ef
and the long litany of taxes yet still to hit people in the pocket books. yeah, that's a reality and i guess outside the beltway bubble people are feeling it. >> sean: juan, if you remember they made a big deal, the president did, saying this would be under 900 billion dollars. the reisn't estimate up to 2.8 trillion a lot more than what they estimated. the cheapest plan they're saying now is going to cost $20,000, family plan by 2016. and the house report that came out said obamacare...
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it was a flat tax. those making over a hundred thousand dollars per year or 20,000 in today's money were taxed a whopping 3% rate. next year congress deciding it like this idea that people would just send money there wait introduced a sliding scale. those making about $10,000 or 229,000 canal would be attacked at 5%, and the idea of taxing the rich was born. guess what? the tax was repealed in 1866. congress decided they did not want free money anymore. that is, until 1994 when it tried to bring it back, but this time the supreme court stepped in calling the tax unconstitutional. so, or teeseven republican offer a constitutional amendment and 100 years ago yesterday delaware became the 306th state to ratify it and the income tax was official. so before you go cursing the lawmakers from 1913, the income tax looked a lot different than now. take a look at that. for starters, this is what the tax code looked like a century ago. thirty-eight pages. that's it. tiny. today it is nearly 74,000 pages with the t
it was a flat tax. those making over a hundred thousand dollars per year or 20,000 in today's money were taxed a whopping 3% rate. next year congress deciding it like this idea that people would just send money there wait introduced a sliding scale. those making about $10,000 or 229,000 canal would be attacked at 5%, and the idea of taxing the rich was born. guess what? the tax was repealed in 1866. congress decided they did not want free money anymore. that is, until 1994 when it tried to...
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Feb 8, 2013
02/13
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only 40% approve of his handling of taxes. when you look behind, what is, you know, a very jovial guy, you feel like you'd want to sit down and have a beer with, if christie decides to run for office, does he have bigger problems than his weight? >> i think he's going to have a lot to bring to the table if he runs for national office but i'm sure right now he's focused on trying to win re-election as republican in a very blue state. i think the questions about the economy and taxes are going to come up but he's implemented historic reform of property taxes, bringing the teachers union on board, with lot of important reforms in new jersey. that's going to be a lot more relevant than any future candidacy that he might have. >> blake, how nervous does he make democrats? >> not entirely, to be honest. if you look at the information about the economy and taxes, there's not a great record there. cutting earned income tax credits for low-income new jerseyians. i think he's going to have to do some things to break with his party a lit
only 40% approve of his handling of taxes. when you look behind, what is, you know, a very jovial guy, you feel like you'd want to sit down and have a beer with, if christie decides to run for office, does he have bigger problems than his weight? >> i think he's going to have a lot to bring to the table if he runs for national office but i'm sure right now he's focused on trying to win re-election as republican in a very blue state. i think the questions about the economy and taxes are...
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it passed a $000 million a year increase in taxes. -- $6 billion a year increase in taxes. if you are wanting to expand your company and happen to be one of the rich you want to set up in a state where the vast majority of people just voted to raise taxes 30%. the personal income tax rate 30% from 10 to 13 about percent on atonally sliver of people is simply because they make more money than any one else. it is not a place to do business. h hollywood doesn't even shoot in california in any more. hollywood isn't hollywood. i have heard executives say because it is too expensive to do business in california. >> greta: a lot of people like to live in california because of the beautiful weather and beautiful coastline but you governor perry is trying to poach business from california. sort of an amusing sense is that governor brown took the bait. the short ad that governor perry put on the radio you will hear about it now because governor brown took the bait. >> a state with a population of 38 million people. created only 257,000 jobs last year in the private sector in californ
it passed a $000 million a year increase in taxes. -- $6 billion a year increase in taxes. if you are wanting to expand your company and happen to be one of the rich you want to set up in a state where the vast majority of people just voted to raise taxes 30%. the personal income tax rate 30% from 10 to 13 about percent on atonally sliver of people is simply because they make more money than any one else. it is not a place to do business. h hollywood doesn't even shoot in california in any...
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Feb 5, 2013
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expected to touch on new and existing republican education initiatives, the need to simplify the tax code sh ways to curb rising health care costs and the hot issue of immigration reform. in a prespeech excerpt, he is quote the as saying, "government policy should aim to strike a balance between what is needed to aadvance the next generation, what we can afford, what is a federal responsibility, and what is necessary to ensure our children are safe, healthy, and able to reach their dreams." >>> this is going to be closely watched because it represents a rebranding of the party and the conservative philosophy away from what has been touched on over republicanism and conservatism for a long time since ronald reagan's famous line from his 1981 inauguration. >> government is not the solution to our problem. government is the problem. >> we're going to talk to congressman cantor about the whats and whys on msnbc on "morning joe." >>> other members of this party are taking the white house to task for failing once again to deliver a budget this time for the 2014 fiscal year on time. the oba
expected to touch on new and existing republican education initiatives, the need to simplify the tax code sh ways to curb rising health care costs and the hot issue of immigration reform. in a prespeech excerpt, he is quote the as saying, "government policy should aim to strike a balance between what is needed to aadvance the next generation, what we can afford, what is a federal responsibility, and what is necessary to ensure our children are safe, healthy, and able to reach their...
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low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. all stations come over to mithis is for real this time. step seven point two one two. rify and lock. command is locked. five seconds. three, two, one. standing by for capture. the most innovative software on the planet... dragon is captured. is connecting today's leading companies to places beyond it. siemens. answers. it's delicious. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toffee company through legalzoom. never really thought i would make money doing what i love. [ robert ] we created lelzoom to help people start their business and launch their dreams. go to legalzoom.com today and make your busine
low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. all stations come over to mithis is for real this time. step seven point two one two. rify and lock. command is locked. five seconds. three, two, one. standing by for...
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can be safer to play in the benefit of tax revenue. >> if you look at the revenue, talking about taxing at a rate of 15%, it could cover the revenue could be increased to $300 million of reading in the first year. the only thing about it, there is not a lot of positive social value. even though you are getting that tax revenue, do you think overall t is worth it? >> people made this same argument about broadcast television. started that. melissa: no, no. that is not the same argument. i am saying that you are turning people into a degenerate gamblers and they're home as opposed to the doing something else. encouraging gambling in your home, there is not a positive social benefit to gambling in home. a lot of great tax revenue, but i don't know that that is necessarily the externalities' are great. >> raw umber, government cannot legislate morality. it is not a benefit that we -- a business that we manage well. people are engaging -- people are engaging in this activity illegally now. we would hope that those who choose to gamble, whether it be on line or visit one of our world-class cas
can be safer to play in the benefit of tax revenue. >> if you look at the revenue, talking about taxing at a rate of 15%, it could cover the revenue could be increased to $300 million of reading in the first year. the only thing about it, there is not a lot of positive social value. even though you are getting that tax revenue, do you think overall t is worth it? >> people made this same argument about broadcast television. started that. melissa: no, no. that is not the same...
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americans know that's the form we all fill out to file our income taxes. but this one looks different. why? well because it's an antique. you see today is the 100th anniversary of the 16th amendment which gave congress the right to levee a federal personal income tax. this was the first form for filers. when the filing deadline was march 1st instead of april 15th and the top tax rate was, get this, 6 f% on incomes over $500,000. the first act was only 15 pages long. today the tax code has grown just a bit to more than 73,000 pages with all of the rulings and regulations. now, we can't get rates back to the 1913 levels, but can't we try to get back to something simple, straight forward and honest that would, once again, fit on 15 pages? the current answer to our gps challenge question was, "c," the new york fed says at last check there was 6,700 tons of gold in their vault. that is more than a half million bars of the stuff and by our cal klgzs, that's more than $300 billion worth of gold sitting below street level in lower manhattan. all of it is owned by
americans know that's the form we all fill out to file our income taxes. but this one looks different. why? well because it's an antique. you see today is the 100th anniversary of the 16th amendment which gave congress the right to levee a federal personal income tax. this was the first form for filers. when the filing deadline was march 1st instead of april 15th and the top tax rate was, get this, 6 f% on incomes over $500,000. the first act was only 15 pages long. today the tax code has grown...
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Feb 5, 2013
02/13
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her tax -- effective tax rate at the end of the day is about 13% while the tax rate of the software developer is 31%. now, that's simply not fair. >> wow. >> these are both people -- i mean, actually -- i was going to say these are both people contributing a lot to the economy. we can have an argument how much the hedge funds are contributing. that's a different argument. >> let me get this right. a hedge fund guy is doing less than half in percentage of a guy, middle class who may be doing his own business, own his own business and employing people. only because we give a loophole to the hedge fund guy because he's a hedge fund person. >> because we favor incomes from hedge funds and private equity firms. over paychecks. over earnings. we have one person who's paying a 33% stat tour rate. where you take out -- share of their income. 31% for the software developer. >> congresswoman, that is where the president is, close some of the loopholes and make this equal. we're not trying to put it all one way. but there's something that is just unfair about that kind of arrangement. >> really. i think
her tax -- effective tax rate at the end of the day is about 13% while the tax rate of the software developer is 31%. now, that's simply not fair. >> wow. >> these are both people -- i mean, actually -- i was going to say these are both people contributing a lot to the economy. we can have an argument how much the hedge funds are contributing. that's a different argument. >> let me get this right. a hedge fund guy is doing less than half in percentage of a guy, middle class...
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has them paying taxes. we were reviewing some statistics earlier where actually on the lower-skilled workers when you look at services consumed in taxes paid, they often times are net contributors to society, economically and otherwise. liz: well they're paying sales stacks. >> i don't think they're a tag at all.
has them paying taxes. we were reviewing some statistics earlier where actually on the lower-skilled workers when you look at services consumed in taxes paid, they often times are net contributors to society, economically and otherwise. liz: well they're paying sales stacks. >> i don't think they're a tag at all.
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administration has been signaling the a blueprint would miss the deadline because the debate in washington over taxes, spending, and the deficit. it was supposed to be delivered to lawmakers yesterday. if you are worried about food safety the agriculture secretary tom vilsack says we need to cut back on a number of inspections on meatpacking plants unless congress can avoid the across-the-board spending cuts that take effect in march. he says the agriculture department is studying how to handlewhich could also impact nutritional programs and food safety research. we know we are in a housing recovery, but the d.c. market is on fire. i will have more on that in the next hour. live at bloomberg headquarters in new york, linda bell reporting for abc 7 news. back to you. >> thank you. we will see you shortly. 4:38 34 degrees at this hour. >> still ahead, a frantic scene in the heart of baltimore. a huge warehouse fire >> welcome back. 4:41 right now. beautiful. the washington monument. 34 degrees this morning. >> we are above the freezing mark. >> that's where we should be this time of year? >> we are wor
administration has been signaling the a blueprint would miss the deadline because the debate in washington over taxes, spending, and the deficit. it was supposed to be delivered to lawmakers yesterday. if you are worried about food safety the agriculture secretary tom vilsack says we need to cut back on a number of inspections on meatpacking plants unless congress can avoid the across-the-board spending cuts that take effect in march. he says the agriculture department is studying how to...
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Feb 7, 2013
02/13
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so if you do check a bag, the trip on southwest down to l.a.x., $97 total with taxes. that same trip on virgin would cost $147. >>> also new this morning, a big investor has sued apple complaining apple has too much money. apple has an astounding $100 billion in cash, a record for an american company. and investor david einhorn says the money should be paid out as a dividend to investors. that is the idea behind buying shares in a company. you own part of the company, you're entitled to part of the profits. young companies don't pay dividends. but eventually investors want their payback. and apple is the most valuable biggest company in the country. >> scott, thanks so much. >>> new jersey governor chris christie is firing back at a former white house physician after she made comments about his weight in an interview with cnn. >> if she wants to get on a plane and come here to new jersey and ask me if she wants to examine me and review my medical conversation, i'll have a conversation with her about that. until that time, she should shut up. >> christie is referring to
so if you do check a bag, the trip on southwest down to l.a.x., $97 total with taxes. that same trip on virgin would cost $147. >>> also new this morning, a big investor has sued apple complaining apple has too much money. apple has an astounding $100 billion in cash, a record for an american company. and investor david einhorn says the money should be paid out as a dividend to investors. that is the idea behind buying shares in a company. you own part of the company, you're entitled...
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we know what is going on there with sarkozy fleeing the country because of the gher tax rates. this sum will set you back 7500 square feet. it's going to go for about 13 million as the listing price. of course five bedrooms and saw the screening room. the pool, hot tub, views of downtown, but if you come over here we can take a look and you can see the glasses encased masters week and, of course, you wake up every morning with a view of santa monica and the pacific ocean. gerri: that is gorgeous. have you put a bit in? >> i guess it is worth every penny if you have them. i don't know. gerri: it is pretty. amazing property. thank you for bringing it to us and we appreciate it. >> you're welcome gerri: special coverage of the real-estate story continues throughout the show. and 20 minutes i will be joined by a famed real-estate agent. she will give us a peek inside as $16 million penthouse for sale right here in new york city. there we are. a warning to congress that another financial crisis could be around the corner if we don't get rid of too big to fail once and for all. detai
we know what is going on there with sarkozy fleeing the country because of the gher tax rates. this sum will set you back 7500 square feet. it's going to go for about 13 million as the listing price. of course five bedrooms and saw the screening room. the pool, hot tub, views of downtown, but if you come over here we can take a look and you can see the glasses encased masters week and, of course, you wake up every morning with a view of santa monica and the pacific ocean. gerri: that is...
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state and local taxes, charity. okay. the president doesn't want to name those. republicans don't want to name those. but that's what we're talking about, a tax increase on a whole lot of people. >> well, if you really wound up closing those deductions, we would have a massive impact on a lot of lives and i don't think it's going to happen. i think that what you're going to wind up seeing is there are a lot of tax deductions that don't bring in quite as much money but which really distort economic behavior. good one people point to is the carried interest which allows hedge fund people to not pay the same taxes everybody else does. that's not going to bring as much money in but there may just be to be ultimately higher rates if we're serious about dealing with long term fiscal health. >> we do need to deal with long term fiscal health and we do need real tax reform but we ought to be guided by president obama's own simpson-bowles commission which said that we need to combine this kind of tax reform, closing loophole
state and local taxes, charity. okay. the president doesn't want to name those. republicans don't want to name those. but that's what we're talking about, a tax increase on a whole lot of people. >> well, if you really wound up closing those deductions, we would have a massive impact on a lot of lives and i don't think it's going to happen. i think that what you're going to wind up seeing is there are a lot of tax deductions that don't bring in quite as much money but which really distort...
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Feb 7, 2013
02/13
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it would involve tax increases by enclosing tax loopholes and spending cuts. republicans are apparently planning to reoffer legislation in the past that would cut the federal work force. anne-marie? >> susan mcginnis in washington, thank you. >>> well, the senate armed services committee has postponed a vote on chuck hagel, president obama's choice to replace pea any ta. the committee wants more information about hagel's finances. >>> and news that the postal service is cutting back mail delivery to five days a week is not sitting well in rural areas of the country or with letter carriers but the post master carrier said it's a choice the service had to make. danielle nottingham reports. >> reporter: no more mail on saturdays. to save money, the u.s. postal service is ending saturday first-class mail delivery beginning in august. many customers saw this day coming. >> i think it's probably long overdue because they've been having so many budget issues. >> i've been doing everything online for a really long time so i don't think it's necessarily going impact my
it would involve tax increases by enclosing tax loopholes and spending cuts. republicans are apparently planning to reoffer legislation in the past that would cut the federal work force. anne-marie? >> susan mcginnis in washington, thank you. >>> well, the senate armed services committee has postponed a vote on chuck hagel, president obama's choice to replace pea any ta. the committee wants more information about hagel's finances. >>> and news that the postal service is...
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i opposed higher taxes. >> should boehner be replaced? >> well, i don't -- a fight of that sort now would be destructive. i believe boehner and the republicans need to reclaim their fundamental legacy. if there was ever a time that we can understand that big spending and borrowing, and ratifying it by higher taxes is going to destroy the american economy just like it's destroyed the economies of japan and europe. and we have to rally behind that, and what is stopping that is that latinos and women feel they can't join the republican party even though they agree with it, because it's excluding. >> who would you most like to see leading the party for the next election? it can be a surname, a first name. >> scott walker. >> scott walker? interesting call. good to see you. you can always come back here, we're not going to ban you or fire you. >>> coming up, we'll talk about what dick morris just said, about the future of the republican party. kerry kennedy joins me live to talk about guns in america. oh! progress-oh! [ female announcer ] with
i opposed higher taxes. >> should boehner be replaced? >> well, i don't -- a fight of that sort now would be destructive. i believe boehner and the republicans need to reclaim their fundamental legacy. if there was ever a time that we can understand that big spending and borrowing, and ratifying it by higher taxes is going to destroy the american economy just like it's destroyed the economies of japan and europe. and we have to rally behind that, and what is stopping that is that...
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in ten short years either taxes will have to go way up or the promise of social security and health care will have to come way down. you are a baby boomer or your parents are boomers. i hope you're not really counting on these programs to take care of you in your old age . melissa: that definitely was not end them not. be sure to watch the tom sullivan show this weekend. you can catch it on seven and 10:00 p.m. on saturday and sunday, 7:00 a.m. and 7:00 p.m. eastern time on sunday. happy friday. thank you for coming on. watch out for this note. happy birthday. you will see you back here monday. ♪ gerri: hello, everybody. i'm gerri willis. tonight on "the willis report". the housing market and recovery. tonight the real realist a story. despite hundreds of regulations put into place by this administration to big to fail is still a real risk. we will tell you what it means for you and your money. and one of the biggest names in fashion. supermodel here to kick off our series of special reports. "the willis report" is on the case. ♪ gerri: all of that and more coming up, but first, our
in ten short years either taxes will have to go way up or the promise of social security and health care will have to come way down. you are a baby boomer or your parents are boomers. i hope you're not really counting on these programs to take care of you in your old age . melissa: that definitely was not end them not. be sure to watch the tom sullivan show this weekend. you can catch it on seven and 10:00 p.m. on saturday and sunday, 7:00 a.m. and 7:00 p.m. eastern time on sunday. happy...
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Feb 6, 2013
02/13
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state and local taxes, charity. okay. the president doesn't want to name those. republicans don't want to name those. but that's what we're talking about, a tax increase on a whole lot of people. >> well, if you really wound up closing those deductions, we would have a massive impact on a lot of lives and i don't think it's going to happen. be to be ultimately higher rates if we're serious about dealing with long term fiscal health. >> we do need to deal with long term fiscal health and we do need real tax reform but we ought to be guided by president obama's own simpson/bowles commission which said that we need to combine this kind of tax reform, closing loopholes, with lowering rates, particularly lowering rates on corporate taxation so we're more competitive with the rest of the world. if we are going to expend, use up these loopholes to pay for new spending or to avoid the kind of budget cutting that we need to do or the kind of entitlement reform, i mean, some of the entitlement reform that has been proposed, a
state and local taxes, charity. okay. the president doesn't want to name those. republicans don't want to name those. but that's what we're talking about, a tax increase on a whole lot of people. >> well, if you really wound up closing those deductions, we would have a massive impact on a lot of lives and i don't think it's going to happen. be to be ultimately higher rates if we're serious about dealing with long term fiscal health. >> we do need to deal with long term fiscal health...